B. Riley Wealth Advisors Inc. Grows Position in OneMain Holdings, Inc. (NYSE:OMF)

B. Riley Wealth Advisors Inc. raised its position in OneMain Holdings, Inc. (NYSE:OMF) by 12.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,608 shares of the financial services provider’s stock after purchasing an additional 733 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in OneMain were worth $306,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Continuum Advisory LLC purchased a new position in shares of OneMain in the 3rd quarter worth about $28,000. International Assets Investment Management LLC purchased a new position in shares of OneMain in the 2nd quarter worth about $34,000. Blue Trust Inc. raised its holdings in shares of OneMain by 43.4% in the 2nd quarter. Blue Trust Inc. now owns 743 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 225 shares during the period. Abich Financial Wealth Management LLC raised its holdings in shares of OneMain by 27.4% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,227 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 264 shares during the period. Finally, UMB Bank n.a. grew its stake in shares of OneMain by 32.6% in the second quarter. UMB Bank n.a. now owns 1,779 shares of the financial services provider’s stock valued at $86,000 after buying an additional 437 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OMF has been the subject of a number of recent research reports. Stephens initiated coverage on OneMain in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $62.00 target price for the company. JPMorgan Chase & Co. increased their target price on OneMain from $56.00 to $59.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. StockNews.com lowered OneMain from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Wells Fargo & Company increased their target price on OneMain from $49.00 to $52.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, Compass Point increased their target price on OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.08.

Insider Transactions at OneMain

In other news, CEO Douglas H. Shulman sold 5,000 shares of OneMain stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $53.00, for a total value of $265,000.00. Following the completion of the transaction, the chief executive officer now owns 412,474 shares in the company, valued at approximately $21,861,122. This trade represents a 1.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Micah R. Conrad sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $52.00, for a total value of $130,000.00. Following the completion of the sale, the chief operating officer now directly owns 102,239 shares in the company, valued at approximately $5,316,428. This trade represents a 2.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,492 shares of company stock worth $1,582,384. 0.45% of the stock is currently owned by corporate insiders.

OneMain Stock Up 1.4 %

Shares of NYSE OMF opened at $51.91 on Friday. The firm has a market cap of $6.20 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.69 and a beta of 1.56. The business has a 50 day moving average price of $52.92 and a two-hundred day moving average price of $49.66. OneMain Holdings, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $57.97.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a $1.04 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $4.16 annualized dividend and a dividend yield of 8.01%. OneMain’s payout ratio is 91.03%.

OneMain Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.